High street warns of 'punishing tax burden', thinktank argues private jets are 'heavily subsidised' by taxpayers, and Croner Intelligence launches Workflows AI tool to draft letters

Summary provided by AI

HMRC updates charity guidance

HMRC has updated several areas of its charity guidance in response to customer feedback and has published new information on the website.

The publications include a new helpsheet giving an overview of how the Gift Aid Small Donations Scheme works.

The scheme allows eligible charities and Community Amateur Sports Clubs (CASCs) to claim a gift aid style top-up payment of up to £1,250 on small cash donations they receive in the UK each year without needing a gift aid declaration from the donor.

Only small cash donations of up to £20, such as those from street collections, received on or after 6 April 2013 qualify.

HMRC has also updated its detailed guidance notes for two other publications: Annex II: non-charitable expenditure and Annex VIII: Tainted Charity Donations.

Full details are on the HMRC website via this link: http://www.hmrc.gov.uk/charities/updated-charity-guidance.htm

Pat Sweet | Reporter, Accountancy Daily [2010-2021]

Pat Sweet was the former online reporter at Accountancy Daily and contributor to the monthly Accountancy magazine, pub...

View profile and articles

0
Be the first to vote

Rate this article

Related Articles
Subscribe